BROOKLYN MARKET UPDATE
SEPTEMBER 2025
Brooklyn
MARKET OVERVIEW
CONDO, CO-OP AND SINGLE-FAMILY HOMES
Date Range Sep 2024 vs. Sep 2025
DAYS ON MARKET
Contracts signed in September 2025 slightly decreased compared to September 2024, with 244 versus 247, and days on market increased to a median of 81.5 days from 69, indicating a modest slowdown in contract activity. Recorded sales prices have increased, with median prices rising from $842.5K to $905.4K, reflecting higher market values overall.
Sale prices for recorded transactions rose by around 7.6%, suggesting strong demand and upward price pressure over the year, even as contract volume remains steady.
AND
Date Range Sep 2024 vs Sep 2025
Condo contract signings grew from 134 to 153, with median days on market extending from 60 to 90 days, pointing to a more cautious buyer environment. Price per square foot increased from approx. $1,288 to $1,429, indicating rising condo values.
Median condo sale prices jumped from about $998K to $1.1M, with the price per square foot also climbing, signaling continued strength in the condo market despite longer times on market.
Date Range Sep 2024 vs Sep 2025
Coop contract signings slightly declined from 76 to 73, while median days on market increased from 78 to 74 days. Price per square foot moved up from roughly $743 to $888, showing higher valuation levels.
Median sale prices saw a slight lift from $480K to $492.5K, with the price per square foot increasing, suggesting stability with upward price movement in the coop sector.
SINGLE-FAMILY
TOWNHOUSES AND DETACHED SINGLE-FAMILY HOMES Date Range Sep 2024 vs Sep 2025
DAYS ON MARKET
Single-family contracts fell from 35 to 15, with the median days on market stable at around 81.5 days, indicating reduced activity in this segment. Price per square foot remained largely steady at over $533.
Median sale prices slightly declined from $985K to $962K, with little change in price per square foot, suggesting a pause in pricing momentum for single-family homes.
Brooklyn
NEW DEVELOPMENT
NEW DEVELOPMENT CONDO & CO-OP
The number of contracts signed remains stable year-over-year, with 84 this September compared to 82 last year, indicating consistent demand. The average days on market should be reviewed for deeper insights, but this stability suggests a balanced market for new developments.
Current unsold inventory stands at 2,917 units, including 486 buildings and 473 active listings, significantly higher than the 89 units from the prior year, pointing to increased supply or slowing sales in Brooklyn.
CLOSINGS
473
Date Range Sep 2024 vs Sep 2025
2,917
Total New Units
2,444 UNITS
84% of new inventory is unlisted
Median sale prices increased from $999K to $1.2M year-over-year, while the price per square foot rose from about $1,162 to $1,366, reflecting strong price growth and buyer willingness to pay more for new developments.
MARKET REPORT
$4M+ PROPERTIES Date Range Sep 2024 vs Sep 2025
In Brooklyn's luxury market, contract signings rose from 8 to 10 but with longer market times, climbing to a median of 174 days from last year's 145 days.
$4M - $10M
The $4M to $10M segment saw an uptick in contracts from 6 to 10, but homes took significantly longer to sell, with DOM rising from 146 to 174 days.
There were no contracts signed over $10M this period, contrasting with two contracts the previous year that averaged 145 days on market.
CONDO MARKET REPORT
Date Range Sep 2024 vs Sep 2025
In Brooklyn, condo contract signings increased slightly from 134 to 153, with days on market rising from 95 to 117 days, indicating a modest slowdown in sales speed but resilience in demand.
The median condo sale price grew from $997K to $1.1M, and price per square foot increased from about $1,092 to $1,177, reflecting a gradual price appreciation over the year.
CONDO MARKET - STUDIOS Date Range Sep 2024 vs Sep 2025
Studio contracts signed edged down slightly from 7 to 6, and median DOM lengthened from 49 to 76.5 days, suggesting less activity and longer sale times for studio units.
Median studio sale prices increased significantly from $544K to $772K, with price per square foot jumping from around $950 to nearly $1,745, highlighting strong price gains for smaller units.
Brooklyn
ONE BEDROOMS
CONDO MARKET - 1 BEDROOMS
One-bedroom contracts decreased from 43 to 35, but DOM increased from 65 to 75.5 days, indicating a slight slowdown in sale velocity.
The median sale price for 1-bed condos rose from $742K to $875K, with price per square foot climbing from 1,047 to 1,214, pointing to steady price growth.
Brooklyn
TWO BEDROOMS
CONDO MARKET - 2 BEDROOMS
Two-bedroom contracts increased from 66 to 75, with DOM stretching from 68 to 83 days, suggesting sustained demand but longer sale periods.
Prices remained stable at around $1.25M, while price per square foot increased from 1,157 to 1,215, reflecting continued value retention.
Brooklyn
THREE BEDROOMS
CONDO MARKET - 3 BEDROOMS
Three-bedroom contracts sharply rose from 15 to 34, but DOM nearly tripled from 34 to 114.5 days, indicating increased activity but longer selling times.
Median prices dipped slightly from about $1.99M to $1.82M, with a decrease in price per square foot from 1,317 to 1,156, signifying some softening in large home prices.
FOUR+ BEDROOMS
CONDO MARKET - 4 BEDROOMS
Four-bedroom contracts remained flat at 3, but DOM increased dramatically from 22.5 to 174 days, showing much longer selling periods.
The median sale price decreased from $3.88M to about $1.78M, with a drop in price per square foot from 1,619 to around 1,061, indicating a significant softening for larger condos.
Brooklyn
CO-OP MARKET REPORT
Date Range Sep 2024 vs Sep 2025
In Brooklyn, the co-op market has seen a slight decrease in contracts signed, from 76 last year to 73 this year, with days on market increasing from 71 to 66 days, indicating a mildly slower sales pace. Recorded sold prices have slightly increased on average, from $480K to $492K, and price per square foot has edged up from 490 to 511.
The median sales prices for recorded co-op sales have grown modestly, from $480K to $492K, with a slight increase in price per square foot from 489 to 511, reflecting steady value growth in Brooklyn co-ops over the past year.
CO-OP MARKET - STUDIOS Date Range Sep 2024 vs Sep 2025
Contracts signed for Brooklyn studios increased slightly from 8 to 11, with median days on market rising substantially from 55 to 109 days, suggesting a slowing in sales velocity. Recorded sale prices have dipped from $415K to $293K, with a significant drop in price per square foot from 780 to 400, indicating softer demand for studios.
Median studio sale prices declined from $415K to $293K, and price per square foot decreased notably from 779 to 400, signaling a softening in studio values over the year.
Brooklyn
ONE BEDROOMS
- 1 BEDROOMS
One-bedroom contracts slightly decreased from 40 to 33, with the median days on market increasing from 83 to 94 days, reflecting a modest slowdown. Recorded prices show a decrease in median sale price from $480K to $425K and a drop in price per square foot from 529 to 486, indicating some softening in 1-bed sales prices.
Median sale prices for 1-bedroom co-ops have declined from $480K to $425K, and price per square foot fell from 529 to 486, suggesting a slight easing in this segment.
Brooklyn
TWO BEDROOMS
CO-OP MARKET - 2 BEDROOMS
Two-bedroom contracts remained steady at 20, but days on market increased from 68 to 74, implying a slight slowdown. Recorded sale prices jumped from $600K to $950K, with price per square foot rising from 483 to 605, reflecting strong growth in higher-end two-bedroom co-ops.
Median sale prices for 2-bed co-ops have increased significantly from $600K to $950K, with the price per square foot climbing from 483 to 605, indicating robust appreciation in this segment.
Brooklyn
THREE BEDROOMS
CO-OP MARKET - 3 BEDROOMS
3-bedroom contracts increased from 7 to 9, but days on market decreased from 131 to 27.5 days, suggesting quicker sales despite fewer transactions. Recorded prices surged from $540K to $1.25M, and price per square foot rose from 367 to 498, showing strong upward momentum.
Median sale prices for 3-bed co-ops more than doubled from $540K to $1.25M, with significant growth in price per square foot, emphasizing a strong surge in luxury co-op sales.
There were no new contracts for 4-bed co-ops this year, down from 1 last year, with prior days on market at 336. Recorded sales show a median price of $840K, with no recent transactions to compare, indicating limited activity in larger units.
The only recorded 4-bedroom sale was at $840K, with no comparable previous transactions; overall, larger co-op units appear to be less active currently.
TOWNHOUSE MARKET REPORT
DAYS ON MARKET
In Brooklyn, townhouse contract signings decreased from 65 last year to 58 this year, with the median days on market improving from 75 to 56 days, indicating quicker sales but slightly lower activity. The median price per square foot also declined from $715 to $661, suggesting softer price momentum for contracts signed compared to last year.
Recorded townhouse sales in Brooklyn saw a median price decrease from $1.2M to $1.12M, with the price per square foot rising from $573 to $583, pointing to a slight price stabilization or mild appreciation in recorded sales prices despite fewer transactions.
BROOKLYN REAL ESTATE MONTHLY UPDATE
In September 2025, the Brooklyn real estate market exhibited notable fluctuations across different sectors. Overall, the market demonstrated heightened activity with a surge in new listings and recorded sales, although some areas experienced a decline in pricing and contract signings
Marketwide
The market saw a 35 27% increase in new listings, while recorded sales rose by 4 33% However, the average price fell by 4.88%, indicating a possible shift towards more competitively priced properties
New Development
New development listings surged by 45.92%, and average prices improved by 6.20%. Despite this, contracts signed decreased by 6 67%, and dollar volume saw a slight decrease of 0.88%, suggesting a cautious buyer sentiment
Luxury ($4M+)
The luxury segment witnessed a sharp rise in new listings by 74 19%, alongside reduced contract signings by 26 67% The average price decreased by 24 33%, emphasizing increased competition and market adjustments at the high end
Resale Condo
Resale condos experienced a substantial 66 03% increase in new listings. Although contract activity decreased slightly, there was a positive shift in average pricing, with an increase of 12 20%
Resale Co-op
The resale co-op sector reflected stability in contracts signed with no change, but dollar volume increased impressively by 105 82%, indicating robust transaction activity and appealing property pricing
Single-Family
The single-family market faced challenges, with a 42.31% drop in contracts signed and average prices declining by 43% However, sales activity increased as indicated by a 21.69% rise in dollar volume.
Multi-Family
Multifamily properties saw a 10.26% increase in contract signings and a healthy 32 75% rise in dollar volume, confirming robust demand in this sector.
Overall, Brooklyn's real estate market is dynamic, with increased listings reflecting sellers' confidence, while pricing adjustments denote cautious buyer engagement.
Monthly New Supply
Douglas Elliman
Source:
Monthly Contract Activity
Douglas Elliman Real Estate
Market Pulse
Showing Market Pulse for any bedroom configuration in All Brooklyn for all prices
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Monthly Price Cuts
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Climate Index
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Optimal Time To List
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Showing Supply for any bedroom configuration in All Brooklyn for all prices
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Pending Sales
Showing Pending Sales for any bedroom configuration in All Brooklyn for all prices
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Days On Market
Showing
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Price Per Square Foot
Showing Price Per Square Foot for any bedroom configuration in All Brooklyn for all prices
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Monthly Closed Sales
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Median Sale Price
Showing Median Sale Price for any bedroom configuration in All Brooklyn for all prices
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